Tax Clarity for Mining and Staking Act

The three largest U.S. crypto trade associations support H.R. 9175, a bill aiming to defer tax on mining and staking rewards until sale. The bill addresses IRS rules requiring immediate taxation of mined or staked assets, which industry groups argue discourages domestic activity and favors foreign competitors. The legislation allows miners and stakers to choose tax deferral and includes provisions for institutional trust structures.